Portugal Villas: Sunday Business Post Article, March 12th 2023
Take your pick of these two desirable Portuguese properties in the exclusive Quinta do Lago and beachside Vale do Lobo resorts.
Guiding €6.5 million, this five-bedroom villa overlooking the Ria Formosa Natural Park also offers a spacious patio and pool deck, a large lawned garden and covered barbecue area.
If the current cold snap has you looking at property in warmer climes, consider two stunning villas on offer in Portugal’s sunny Algarve through Irish/Portuguese-based agent O’Connor Murphy.
The first is a five-bedroom villa overlooking the Ria Formosa Natural Park, which was recently named among Portugal’s seven natural wonders. The south-facing luxury home in the exclusive Quinta do Lago resort is also a short stroll from the Atlantic coastline and is guiding €6.5 million.
Outside, it offers a spacious patio and pool deck, a large lawned garden and covered barbecue area.
The house proper has a main hall with a cloakroom; a living room with a feature fireplace; a large formal dining room; a spacious fully fitted kitchen; TV room, also with fireplace; three double bedrooms, one of which is en suite; and a guest bathroom.
The master bedroom, with an en suite bathroom and shower, and a south-facing terrace, is located on the first floor.
A fifth double bedroom, en suite, with a walk-in wardrobe and an east-facing terrace, is also on the upper floor.
An office with a south-facing terrace, overlooking the pool deck, is on the first floor and could be converted into a sixth bedroom.
There is also a cinema room in the basement, where the large garage, laundry room, storage room and games room are all located.
The second option is an exceptional new-build, four-bedroom villa in Vale do Lobo, within walking distance of two 18-hole championship golf courses, the Ocean and the Royal, and comes with an asking price of €3.5 million.
It has a spacious entrance hall with a cloakroom leading to a large, open-plan lounge with living and dining areas. A glass wall with sliding doors spans the length of the lounge, which leads out to the south east-facing pool deck.
The adjoining contemporary fitted kitchen has a large island with a marble top. Sliding glass doors open out to an exterior covered dining area, while a large covered barbecue area is located at the opposite end of the pool deck.
The ground floor also includes two guest bedrooms, a utility area and storage space.
Upstairs, there is a master bedroom with a walk-through bathroom and large private terrace; the fourth bedroom is also located on the upper level.
Introduced in 2009, Portugal’s Non-habitual Resident (NHR) tax regime offers new residents the potential for very low or zero tax on pensions, capital gains and certain types of income for ten years.
To qualify for NHR, applicants must have lived overseas, not have been a resident in Portugal within the last five years, and want to reside in the country in the future. To be considered a resident, you must remain in Portugal for 183 days a year or have your primary home there.
For more information, contact Michael O’Connor or Niamh Keane at OCM Portugal, via info@oconnormurphy.ie.
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